RLAM and KDP announce major regen project
31 July 2013
Article in Property Funds World
Royal London Asset Management (RLAM) and Kitewood Development Partner (KDP) have announced details of a major mixed-use regeneration project in Colindale, North London.
The development on Capitol Way, NW9 will see a 4.5 acre retail warehousing site transformed into a residential and retail community with 460 apartments spread across four six-storey buildings and a 17 storey tower on Edgware Road. There will additionally be 60,000 square feet of retail space at ground floor level, together with three levels of car parking for over 450 vehicles.
Network Housing Group has acquired 215 of the properties.
RLAM and KDP have agreed a GBP64m contract with national contractor Shepherd Construction to complete the first phase of the two-year construction programme, which is now underway. The high quality development will provide first-class modern apartments including features such as LED lighting, and underfloor heating. Residents will also benefit from four large, landscaped private courtyards providing a safe, tranquil space.